Rental Income is $875-$925 per side/per month (we listed the low end) Gross rents $1750 Taxes $222 Insurance $82 Management $140 (Original placement fees paid for, no other charges) Repairs $0 (It is new with builder warranty) Utilities $0 (Tenants pay all as wriiten in contract) Maintenance $0 (Tenants pay all as written in contract) Vacancy $0 (we have a variety of new tenants to choose from) Vacancy $105 (Lets put 6% in there anyways to satisfy you) Administration Costs $0 (Management handles everything for their 8% monthly fee) Total Expenses $549 (should be $540 assuming the 6% vacancy reduce management fees, which is why I take vacancy out first as it Does affect the OE) NOI = $1210 Debt Service = $906 Cash Flow with vacancy assumption = $304 ($152 per door)I think that speaks volumes about how you calculate cash flow.

Well first of all, at least in my state it's not legal for someone to charge you a percentage of the deal for their services unless they are a licensed realtor.

I always thought you would just charge the assignment fee and that would be your pay.

They certainly felt he was knowledgeable and passed the "smell" test.I'm sick of going to real estate investment club meetings where gurus who look like contractors are charging newbies for know how about real estate.

But my buddies will do it for 100$ He charges the avg Joe allot more and makes a mint!

Luckily with commercial there tends to be less of an "emotional" or "fair market" factor to the valuation of the property in that valuation is often directly tied to it's cashflow performance so the bank will have a greater probability of not let you refi to a level that the property becomes a negative performer.

In addition, charging a % over your mortgage payment does not mean you have a profit.

You can get listed on the MLS for a lot less than what they charge, if you are only looking for exposure.

If you don't sell, it's a breach.Property mgmt companies for properties of this size usually have on-site managers and charge a management % fee, plus leasing and late fees and truthfully make most of their money by marking up the maintenance.I have never heard of a NNN arrangement on a multifamily property structured this way.

After about a month and a half of just checking out the sites while I was there I left for Fresno, California to meet with an investor who had some properties that he bird dogged out for a charge if I were to buy anything he found.